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  • #123,421
  • Jan 6, 2021 4:23am Jan 6, 2021 4:23am
H1 Status Update

For my followers: For now, if you went long around 1.2292 you stay bullish or you wait on sidelines for the next Dashed-RED TL touch to enter long.. (short-scalpers still have to be very careful, I personally don't recommend any!)

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 29 KB
Focus only on what truly matters!
  • #123,422
  • Jan 6, 2021 4:41am Jan 6, 2021 4:41am
Quoting Ata-Turkoglu
H1 Status Update For my followers: For now, if you went long around 1.2292 you stay bullish or you wait on sidelines for the next Dashed-RED TL touch to enter long.. (short-scalpers still have to be very careful, I personally don't recommend any!) Stay Green {image}
As long as price stays above 1.2322 the bulls will have more advantage. Imo, it'll touch 1.2377. These 2 prices are based on daily and weekly. I dont see any move above 1.2412. All the prices above 1.2377 all are good place to look for sells.

On the bears side all they need is 1hr closes below 1.2323. If this 4hr closes below 1.2322 then high of the day is set.
  • #123,423
  • Jan 6, 2021 5:00am Jan 6, 2021 5:00am
Quoting Traderview
{quote} As long as price stays above 1.2322 the bulls will have more advantage. Imo, it'll touch 1.2377. These 2 prices are based on daily and weekly. I dont see any move above 1.2412. All the prices above 1.2377 all are good place to look for sells. On the bears side all they need is 1hr closes below 1.2323. If this 4hr closes below 1.2322 then high of the day is set.
I generally don't care much about what the high will be or if resistance will resist or not.. What is highly important to me during a bull trend is always to watch if support will hold or not.. Breakouts often come in a sudden and unexpected way.. So, if one bought the previous support all he has to do is to patiently wait for progress.. That's what I am doing.. No rush! Time will tell..

Stay Green
Focus only on what truly matters!
  • #123,424
  • Jan 6, 2021 5:04am Jan 6, 2021 5:04am
I only trade the daygraph now. I look back for 4 hours as confirmation. Made new buy at 1.22958. TP: 1.24934
  • #123,425
  • Jan 6, 2021 5:59am Jan 6, 2021 5:59am
Quoting ursinho4711
Don't forget the big picture: the first time for years we significantly and steadily broke the purple trend line. {image}
Indeed fot the moment still bullish.
1.25 on the cards maybe but we have some major news coming this week.

ADP and NFP could only bring euro down i think if we have positive data.
  • #123,426
  • Jan 6, 2021 6:11am Jan 6, 2021 6:11am
If Democrats should win this the question is whether the market plays buy the rumour sell the fact or whether it will keep rising. Personally I think that a blue wave would lead to a sustainable USD weakness as it would just speed up the secular USD depreciation.
Another day, another dollar.
  • #123,427
  • Jan 6, 2021 6:49am Jan 6, 2021 6:49am
Robber bank shenanigans have begun.. Trade safe folks

Stay Green
Focus only on what truly matters!
  • #123,428
  • Jan 6, 2021 6:57am Jan 6, 2021 6:57am
[quote = Ata-Turkoglu; 13345219] Han comenzado las travesuras de los ladrones bancarios. Gente segura en el comercio Manténgase ecológico [/ quote]
Good morning colleagues, Ata still waiting for level 1.2313 for a long way.
  • #123,429
  • Jan 6, 2021 7:02am Jan 6, 2021 7:02am
Quoting Willord21
[quote = Ata-Turkoglu; 13345219] Han comenzado las travesuras de los ladrones bancarios. Gente segura en el comercio Manténgase ecológico [/ quote] Good morning colleagues, Ata still waiting for level 1.2313 for a long way.
Depends!

1) If you decided to take profit at certain peaks based on fib levels or other measurements of your liking then yes you are waiting for a new dip i.e. a new touch to Dashed-RED TL..
BUT:
2) If you don't take profit and let your long run then of course you are only watching if most current support area works or not..

Everything is relative to what the trader has chosen to do..

Stay Green
Focus only on what truly matters!
  • #123,431
  • Jan 6, 2021 7:35am Jan 6, 2021 7:35am
The thing is, you only got to fuck up only once. Be a Little Slow and Be a Little Late.

1.2345.

Lets see
  • #123,432
  • Jan 6, 2021 7:56am Jan 6, 2021 7:56am
Quoting MnrComposite
{quote} I hope you are right! I am still holding long from 1.2270 area looking for 1.23395. The odds are definitely in our favor! Looking at about 80% probability of reaching 1.23395 before 1.22395.
And we arrived! Cheers to the longs!
Viewing the market through f(x)
  • #123,433
  • Jan 6, 2021 8:11am Jan 6, 2021 8:11am
Quoting Traderview
{quote} As long as price stays above 1.2322 the bulls will have more advantage. Imo, it'll touch 1.2377. These 2 prices are based on daily and weekly. I dont see any move above 1.2412. All the prices above 1.2377 all are good place to look for sells. On the bears side all they need is 1hr closes below 1.2323. If this 4hr closes below 1.2322 then high of the day is set.
As i mentioned, it moved down below 1.2323 and the high is set and the pull back is up to 1.2322 - 1.2330
Lets see.
  • #123,434
  • Jan 6, 2021 8:14am Jan 6, 2021 8:14am
If M15, M30 or H1 candles can stay above 1.2308/13 then yes I agree that rise might continue.. Otherwise bears will take the lead for a while..

Stay Green
Focus only on what truly matters!
  • #123,435
  • Jan 6, 2021 8:26am Jan 6, 2021 8:26am
Closing my short here because of this. Waiting for H1 to close.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DXY and EUR SMT chart.png Size: 85 KB
Click to Enlarge Name: 111.png Size: 11 KB
  • #123,436
  • Jan 6, 2021 8:40am Jan 6, 2021 8:40am
another touch the roof....124 brush kiss???
Dont be fool by the newbie badge....older here...older in the biz.
  • #123,437
  • Jan 6, 2021 8:53am Jan 6, 2021 8:53am
Now to confirm a bearish bias and before considering any short positions, I want to see H1 close below 1.2276. Until then I stay on sidelines.
REMEMBER that we have a nice divergence with DXY and that is a sign for short term reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd H1.png Size: 65 KB
  • #123,438
  • Jan 6, 2021 8:53am Jan 6, 2021 8:53am
small short 1.2312
  • #123,439
  • Jan 6, 2021 9:03am Jan 6, 2021 9:03am
Retail trader sentiment is interesting.
While it is long trend, 65% of trades are shorts, that's why big banks always make profits
https://www.dailyfx.com/sentiment.

Sentiment is a good indicator in addition to DXY.
  • #123,440
  • Jan 6, 2021 9:08am Jan 6, 2021 9:08am
could stall or touch trendline until NFP
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